- Regulator
- Capital Markets Authority (CMA)
- Local company
- Not yet verified
- Licence number
- —
- M-Pesa
- Not confirmed
Broker review · Checked
Vantage Markets review 2026: is Vantage Markets legit in Kenya and South Africa?
Vantage holds an FSCA licence in South Africa (Vantage Markets (Pty) Ltd, FSP 51268), where major forex leverage is capped at 1:50, and accounts start from $50. It is not licensed in Kenya. Some traders report blocked withdrawals and account adjustments, so start small.
- 🇰🇪 CMANot licensed
- 🇿🇦 FSCAFSP 51268
- Minimum deposit$50
- M-PesaNot confirmed
Is Vantage Markets regulated? Licence by country
- Regulator
- Financial Sector Conduct Authority (FSCA)
- Local company
- Vantage Markets (Pty) Ltd
- Licence number
- FSP 51268
A licence means someone supervises the broker. It does not make trading safe: most retail CFD accounts lose money.
About Vantage Markets
Vantage is an Australian-founded group regulated by the FCA (590299) and ASIC (428901), with offshore companies in the Cayman Islands, Vanuatu and Mauritius. Its South African company, Vantage Markets (Pty) Ltd in Cape Town, holds FSP 51268 according to Vantage's help centre.
We did not find Vantage on the FSCA list of OTC derivative providers. Its global account pages refer to Vantage Global Limited in Vanuatu, so check which company your South African account sits with.
Who Vantage Markets suits, and who should look elsewhere
Good fit if you
- are in South Africa and want a lower-leverage FSCA account
- want MT4, MT5 or TradingView with no inactivity fee
Look elsewhere if you
- are in Kenya
- need a ZAR base currency (not confirmed)
Vantage Markets account types and minimum deposit
| Account | Minimum deposit | Pricing |
|---|---|---|
| Standard STP | $50 | From 1.0 pip, no commission |
| Raw ECN | $50 | From 0.0 pips plus $6 per lot round turn |
| Cent | $50 to trade | Cent-sized trades |
| Pro ECN | $10,000 | From 0.0 pips plus $3 per lot round turn |
Leverage: FSCA: up to 1:50 on major forex pairs, per FXStreet. Offshore companies go up to 1:2000.
Vantage Markets fees: spreads, commission and other charges
| Inactivity fee | None |
| Deposits | No Vantage fee |
| Bank withdrawals | One free a month, then about $20 |
| Cards and e-wallets | Free withdrawals |
From FXStreet's Vantage review, updated 7 Oct 2026.
Work out the cost of a trade before you place it with our pip value and profit and loss calculators.
Vantage Markets deposits and withdrawals in Kenya and South Africa
🇰🇪 Kenya
- Vantage is not on the CMA register. If it accepts you, your account sits with an offshore company and you have no CMA complaints route.
- No Kenyan payment method confirmed. Expect cards, bank wire or e-wallets such as Skrill and Neteller.
🇿🇦 South Africa
- Vantage Markets (Pty) Ltd, Cape Town, FSP 51268.
- Not on the FSCA list of OTC derivative providers.
- ZAR as account currency not confirmed.
M-Pesa limits, rand EFT, cards, e-wallets and the payment scams to avoid: read our deposits and withdrawals guide.
Vantage Markets trading platforms
- MetaTrader 4
- MetaTrader 5
- TradingView
- ProTrader ($200 deposit)
- Vantage app
- Vantage copy trading
Is your money safe with Vantage Markets?
- FSCA licence in South Africa; FCA and ASIC for other companies.
- Segregated client funds; negative balance protection in some regions.
- FXStreet notes user reports of blocked withdrawals and account adjustments.
Vantage Markets pros and cons
Pros
- FSCA licence with lower 1:50 leverage
- $50 minimum
- No inactivity fee
- TradingView and copy trading
Cons
- Not licensed in Kenya
- Not an approved ODP
- Reports of withdrawal problems
- Bank withdrawal fee after the first each month
Our real-money test of Vantage Markets
Coming
We will open a Vantage Markets account, deposit, place a trade and withdraw, then publish the screenshots, the time each step took and every fee we paid.
Vantage Markets withdrawal time: reports from traders
How long do Vantage Markets withdrawals really take?
Loading reports…
Median of reports from traders. Not checked by us; our own tests are marked separately.
Withdrawal stuck or refused at Vantage Markets? Get a ready complaint letter and the right regulator contact with our complaint desk →
Vantage Markets: questions people ask
Is Vantage Markets regulated in Kenya?
No. Vantage Markets is not licensed by the CMA. It may still accept clients from Kenya through an offshore company, but you would have no CMA protection or local complaints route.
Is Vantage Markets regulated by the FSCA in South Africa?
Yes. In South Africa, Vantage Markets operates through Vantage Markets (Pty) Ltd, which holds FSCA licence FSP 51268. Check that this company is named on your client agreement, not an offshore company of the same brand.
Is Vantage regulated in South Africa?
Yes. Vantage Markets (Pty) Ltd holds FSP 51268.
What is the Vantage minimum deposit?
$50 on Standard STP and Raw ECN accounts.
Is Vantage available in Kenya?
Vantage is not licensed by the CMA. Kenyan clients would deal with an offshore company.
Sources for this review (checked 25 Oct 2026)
- FSCA: OTC derivative providers search
- FXStreet: Vantage review (Oct 2026)
- Vantage help centre: who regulates Vantage
Fees, minimums and payment methods change and can differ by the company you sign with. Confirm them on the broker's site before you deposit. Spotted something out of date? Tell us.